Public goods/Definition: Difference between revisions

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A commodity that can yield [[utility]] to a person without diminishing its utility to others, and from  the use of which it is not possible to exclude anyone (see also [[microeconomics]]: public goods).
A product or service  that can benefit one person without diminishing its benefit to others, and from  the use of which it is not possible to exclude anyone.

Revision as of 06:02, 26 October 2009

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A definition or brief description of Public goods.

A product or service that can benefit one person without diminishing its benefit to others, and from the use of which it is not possible to exclude anyone.